Hawaiian Electric Industries, Inc. (NYSE:HE) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 20.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,021,649 shares of the utilities provider’s stock after buying an additional 514,989 shares during the period. Charles Schwab Investment Management Inc. owned 2.74% of Hawaiian Electric Industries worth $29,250,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. KBC Group NV grew its stake in shares of Hawaiian Electric Industries by 34.8% during the 3rd quarter. KBC Group NV now owns 3,956 shares of the utilities provider’s stock valued at $38,000 after buying an additional 1,021 shares during the period. UMB Bank n.a. purchased a new stake in Hawaiian Electric Industries during the 3rd quarter worth $42,000. Signaturefd LLC boosted its position in Hawaiian Electric Industries by 30.8% during the 2nd quarter. Signaturefd LLC now owns 8,437 shares of the utilities provider’s stock worth $76,000 after purchasing an additional 1,986 shares during the period. Quest Partners LLC boosted its position in Hawaiian Electric Industries by 126.1% in the 3rd quarter. Quest Partners LLC now owns 7,983 shares of the utilities provider’s stock valued at $77,000 after buying an additional 4,453 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Hawaiian Electric Industries by 82.3% in the 2nd quarter. GAMMA Investing LLC now owns 9,540 shares of the utilities provider’s stock valued at $86,000 after buying an additional 4,308 shares during the last quarter. 59.91% of the stock is owned by hedge funds and other institutional investors.

Hawaiian Electric Industries Price Performance

HE opened at $10.24 on Thursday. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of -0.87 and a beta of 0.53. Hawaiian Electric Industries, Inc. has a fifty-two week low of $7.61 and a fifty-two week high of $18.19. The company’s 50-day moving average price is $10.12 and its 200 day moving average price is $11.13. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.80.

Hawaiian Electric Industries (NYSE:HE) last released its quarterly earnings data on Friday, November 8th. The utilities provider reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.07). The business had revenue of $983.38 million for the quarter. Hawaiian Electric Industries had a positive return on equity of 11.12% and a negative net margin of 35.38%. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.37 EPS.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HE. Jefferies Financial Group began coverage on shares of Hawaiian Electric Industries in a research note on Tuesday. They issued a “hold” rating and a $11.50 target price on the stock. StockNews.com lowered shares of Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research note on Friday, October 4th. Evercore ISI cut their target price on shares of Hawaiian Electric Industries from $11.00 to $10.00 and set an “in-line” rating on the stock in a research note on Tuesday, November 19th. Finally, Wells Fargo & Company cut their target price on shares of Hawaiian Electric Industries from $14.00 to $11.50 and set an “equal weight” rating on the stock in a research note on Monday, September 30th.

Hawaiian Electric Industries Company Profile

Hawaiian Electric Industries, Inc, together with its subsidiaries, engages in the electric utility businesses in the United States. It operates in three segments: Electric Utility, Bank, and Other. The Electric Utility segment engages in the production, purchase, transmission, distribution, and sale of electricity in the islands of Oahu, Hawaii, Maui, Lanai, and Molokai.